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Jan 10, 2013
01/13
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let's move on to a our debt and our nation's crisis with the debt ceiling. we default on february 15th. happy valentine's day. doug come -- doug, do you think we will avoid this or have big problems? >> at think the answer is simple. we don't have a fight or a crisis over the debt ceiling. we have a fight in crisis overspending that causes debt. if the spending or cut and there was an agreement but place on the way to rein in explosive and -- entitlement spending and brought the debt under control, no one would even mention the debt ceiling. the key will be to focus on the real problem, which is the debt. acknowledge solution for anyone not living in budgetary fantasyland. make some progress on that. gerri: at think it's budget fantasyland for us. well, the senate has not backed the budget in 1,351 days, gretchen. come on. we are going to -- our debt is going to get downgraded by standard and poor's and moody's and everyone else, and we will have a sell-off of 2,000 points in the stock market, right? >> you're right. on top of not having a budget, we have al
let's move on to a our debt and our nation's crisis with the debt ceiling. we default on february 15th. happy valentine's day. doug come -- doug, do you think we will avoid this or have big problems? >> at think the answer is simple. we don't have a fight or a crisis over the debt ceiling. we have a fight in crisis overspending that causes debt. if the spending or cut and there was an agreement but place on the way to rein in explosive and -- entitlement spending and brought the debt...
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Jan 20, 2013
01/13
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it would be great to control the debt with the debt ceiling. as you see through history, examples given it doesn't work at all. it becomes a political football, the other party not it in power, decides it's an of important thing. and president obama used to hate the debt ceilings. it's time to build something that controls the deficit properly and not arbitrary. >> brenda: toby, doesn't this basically give a blank check to washington saying we don't need a limit. at least when we have a limit we're forced to look at that number and realize how much we're borrowing. >> if that logic were true, they wouldn't have passed any of the spending stuff. first off, two countries in the world, united states and sweden who have a debt ceiling. people got rid of it, because what jonas is saying, it's political. and the second issue is, i don't want our economy held hostage and run by washington, right now, the buffoons in congress have more power over the economy with the, you know, stupid idea. if we give them this type of power we've hurt ourselves, kick
it would be great to control the debt with the debt ceiling. as you see through history, examples given it doesn't work at all. it becomes a political football, the other party not it in power, decides it's an of important thing. and president obama used to hate the debt ceilings. it's time to build something that controls the deficit properly and not arbitrary. >> brenda: toby, doesn't this basically give a blank check to washington saying we don't need a limit. at least when we have a...
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Sep 20, 2013
09/13
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so raising the debt ceiling doesn't increase debt. let's take a walk back to march of 2006 when senator obama made a dire speech about the dangers of raising the debt. he said, quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure. it is a sign that the u.s. government cannot pay uh its own bills. our federal debt increased by $3.5 trillion to $8.6 trillion. that's trillion, with a t. this rising debt is a hidden domestic enemy. what happened to that guy? here to debate the hypocrisy, radio, tv, talk show host, billy cunningham. from the fox news channel tamara holder. raising the debt ceiling doesn't increase the debt. what do you got there? >> hannity happy candy. >> what is that? >> they're happy candies. the reason why i brought these is the last time -- >> yeah ? >> you should try one. it will make you happy. i feel conservatives are so angry. you know, right now i'm getting these crazy -- >> i'm laughing my head off. >> i think this is a prop ohher opportunity for you to ap
so raising the debt ceiling doesn't increase debt. let's take a walk back to march of 2006 when senator obama made a dire speech about the dangers of raising the debt. he said, quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure. it is a sign that the u.s. government cannot pay uh its own bills. our federal debt increased by $3.5 trillion to $8.6 trillion. that's trillion, with a t. this rising debt is a hidden domestic enemy. what...
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Sep 18, 2013
09/13
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is there a debt ceiling? >> there is a debt ceiling. and that limits the amount of money the united states can borrow. if we're going to continue on this spree of trillion deficits. it's going to be a good year, of course that sarcasm is bad. >> you know as well as i do that these bills have been passed. the costs haven about run up already. the bills have been signed by the president. what you're talking about is will you pay your debts or not. >> wait a second, chris. it's the same thing that governors have to do in the 50 states. if you have a regullegislature they're wrong and the spending exceeds the revenue then you have pro ray shun. >> there's no danger here of the unit going into default. >> i'm not saying there's no danger. there is a risk to our economy. and i hope that the president will understand that there is a bigger picture here and that bigger picture is whether or not the united states of america is going to continue on this path to insolvency and bankruptcy. that is a much bigger threat. >> what does he have to do to
is there a debt ceiling? >> there is a debt ceiling. and that limits the amount of money the united states can borrow. if we're going to continue on this spree of trillion deficits. it's going to be a good year, of course that sarcasm is bad. >> you know as well as i do that these bills have been passed. the costs haven about run up already. the bills have been signed by the president. what you're talking about is will you pay your debts or not. >> wait a second, chris. it's...
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Jan 12, 2013
01/13
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we would hit the debt ceiling, be reminded we're borrowing too much. they would fight about raising it and then they would raise it. what happened last time, i think, was throwing cold water on to the system of how close we got to truly defaulting and the fact that that will lead to economic problems in the country and around the world. >> republicans almost gleeful that the debt ceiling will give them leverage to extract spending cuts. is this good policy or is it revenge? is it a speed bump, or is this somehow -- is it political? >> tees taes deeply political, cycle of revenge and recrimination. it's the definition of insanity, doing something over again and expect i expecting a different result. we got our aaa rating downgraded. in retro expect, they realized that grand bargain -- spending cuts, revenue increases and entitlement reform. the idea every time congress has set itself this artificial deadline, whatever it may beady debt ceiling, super committee crisis, fiscal cliff, somehow they fail, they weasel out of it. we still have this looming, lo
we would hit the debt ceiling, be reminded we're borrowing too much. they would fight about raising it and then they would raise it. what happened last time, i think, was throwing cold water on to the system of how close we got to truly defaulting and the fact that that will lead to economic problems in the country and around the world. >> republicans almost gleeful that the debt ceiling will give them leverage to extract spending cuts. is this good policy or is it revenge? is it a speed...
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Jan 25, 2013
01/13
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. >> debt ceiling. >> the debt ceiling stuff. it seems like this is a city that he gets -- he is more of an insider in washington than he was four years ago. i will say about the denis mcdonough appointment, it's good to finally see a white guy get a top job. it's really -- they've been shut out. >> they gave him a chance. >> thanks god. >> there's a reason why this was held up. the president jokes about saying it's the best kept secret in washington. we've all known. we've all reported in various ways that he is the choice. what did they do yesterday? they appointed a female to be lady of the s.e.c. it mattered. the scheduling worked to stack this one today zoosh the optics on it. >> i actually had thought he was already named chief of staff. that's how bad the secret was. we have to take a break, but when we come back, senators and frenemies. they strike a deal for the much maligned filibuster. is it still business as usual in the upper chamber? we'll discuss next. with the spark cash card from capital one, olaf gets great rewa
. >> debt ceiling. >> the debt ceiling stuff. it seems like this is a city that he gets -- he is more of an insider in washington than he was four years ago. i will say about the denis mcdonough appointment, it's good to finally see a white guy get a top job. it's really -- they've been shut out. >> they gave him a chance. >> thanks god. >> there's a reason why this was held up. the president jokes about saying it's the best kept secret in washington. we've all...
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Sep 22, 2013
09/13
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look at 2011 when the last debt ceiling face-off happened. we saw the stock markets plunge. >> david: we did. >> rating downgrade. >> david: true. then shortly afterwards the stock market came back up and they ignored the deb rating cut. but extortion? the word "extortion' a strong word. the president seems to forget what he said, which would be called extortion by his finition as well. extortion is iminal. this president is grasping for straws because he knows that 53% of americans realize obamacare will drive their healthcare costs up. republicans are doing the right thing. this is risky business. they realize obamacare is not ready for the big debut. it will drive up cost and cut jobs. we have lot of work that has to be done to implement this properly. >> david: but rick, on this debt issue. by the way, president obama is not the only one to commit hypocrisy. harry reid and nancy pelosi voted to raise the debt ceiling. >> i'm shocked. who knew the president was a politician? be care waffle you say in the senate. you may be in the white hou
look at 2011 when the last debt ceiling face-off happened. we saw the stock markets plunge. >> david: we did. >> rating downgrade. >> david: true. then shortly afterwards the stock market came back up and they ignored the deb rating cut. but extortion? the word "extortion' a strong word. the president seems to forget what he said, which would be called extortion by his finition as well. extortion is iminal. this president is grasping for straws because he knows that 53%...
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Jan 14, 2013
01/13
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negotiate on the debt ceiling, and you did. last year you said that you wouldn't extend any of the bush tax cuts for the wealthy. and you did. so as you say now that you're not going to negotiate on the debt ceiling this year, why should house republicans take that seriously and think that if we get to the one-minute to midnight scenario that you're not going to back down? >> well, first of all, julianna, let's take the example of this year in the fiscal cliff. i didn't say i wouldn't have any conversations about extending the tax cuts. what i said was we wouldn't extend bush tax cuts for the wealthy and we didn't. you could argue during the campaign i set the criteria for wealthy at 250, and we ended up being at 400. but the fact of the matter is, millionaires, billionaires, are paying significa ining signific taxes just like i said. from the start my concern was making sure that we had a tax code that was fair and that protected the middle class. and my biggest priority was making sure that middle class taxes did not go up. t
negotiate on the debt ceiling, and you did. last year you said that you wouldn't extend any of the bush tax cuts for the wealthy. and you did. so as you say now that you're not going to negotiate on the debt ceiling this year, why should house republicans take that seriously and think that if we get to the one-minute to midnight scenario that you're not going to back down? >> well, first of all, julianna, let's take the example of this year in the fiscal cliff. i didn't say i wouldn't...
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Jan 19, 2013
01/13
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on the debt ceiling. not again. and today after months of insisting that the president really did have to negotiate with them on that, republicans in congress gave up. david corn "showdown," the stand off the president faced with republicans. david, thanks for being here. >> good evening, rachel. >> eric cantor says, yeah, we're going to give up, but only for three months. what did you make of that? >> i'm the last guy who wants to cause a spike in the vix, but, you know, there are a couple of things to think about here. i call this plan r for run away. but we know that john boehner often has had trouble with his various plans. plan b most notoriously, getting them approved, accepted and passed by his own house republicans. and cantor made a very declarative statement today. we're going to bring this to a vote, and when you do that, usually you think you have the votes, but immediately there were grumblings that some house republicans will go along with this i'm not sure that democrats will, too. so it remains to be
on the debt ceiling. not again. and today after months of insisting that the president really did have to negotiate with them on that, republicans in congress gave up. david corn "showdown," the stand off the president faced with republicans. david, thanks for being here. >> good evening, rachel. >> eric cantor says, yeah, we're going to give up, but only for three months. what did you make of that? >> i'm the last guy who wants to cause a spike in the vix, but, you...
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Oct 12, 2013
10/13
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if we fool around and screw around the way we are with this debt ceiling, if we breach the debt ceiling, we are sacrificing in a matter of days hundreds of years of what we've built up in that regard. >> elahe, because of that? >> it sounds hyperbolic, but i really mean what i'm saying. >> because of that, paul krugman wrote this week, they are forcing the president into doing something illegal, not protect the full faith and credit of the u.s., or raise the debt ceiling without their approval. when krugman says it, one way or another, the president could simply choose to defy congress and ignore the debt ceiling, wouldn't this also be breaking the law? maybe, maybe not, opinions differ, but not making good on resolutions also break the law. and why not choose the one that hurts america the least? krugman is saying, if you have to, raise that sucker on your own. >> going back to the other point about the deniers, this actually isn't a new sentiment. this goes back to even 2011, there were republicans on the hill saying, well, the debt ceiling not passing, that doesn't mean we're necessa
if we fool around and screw around the way we are with this debt ceiling, if we breach the debt ceiling, we are sacrificing in a matter of days hundreds of years of what we've built up in that regard. >> elahe, because of that? >> it sounds hyperbolic, but i really mean what i'm saying. >> because of that, paul krugman wrote this week, they are forcing the president into doing something illegal, not protect the full faith and credit of the u.s., or raise the debt ceiling...
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Jan 15, 2013
01/13
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. but to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it is absurd. the full faith and credit of the united states of america is not a bargaining chip. and they had better choose quickly because time is running short. >> house republicans continued to threaten to use the debt ceiling as a bargaining chip. house republican conference chairwoman kathy rogers told "political" i think it is possible we would shut down the government to make sure that president obama understands that we're serious. well, i guess that would do it. we always talk
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. but to even entertain the idea of this happening, of...
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Sep 27, 2013
09/13
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. >> but the debt ceiling. >> the debt limit we will introduce a plan. >> a cash flow problem. >> the president says i am not going to negotiate. >> i will not negotiate. >> i'm sorry it just doesn't work that way. >> the tea party republicans have taken it to a whole new level. >> the american people don't want the president's health care bill. >> elections have consequences. >> even if you've didn't vote for me, i bet you will sign up for the health care plan! ♪ >>> five days before enrollment begins for obama care, president obama took a stand against republicans threatening a government shutdown. the president went to maryland and began by explaining why he won't consider defunding obama care. >> in fact, for the past few years since i signed the affordable care act, a lot of you have been enjoying new benefits you didn't have before even if you didn't know they were coming from obama care. because the affordable care act, more than 100 million americans have gotten free preventative care. because of the affordable care act, 3 million young adults under age 26 have gained covera
. >> but the debt ceiling. >> the debt limit we will introduce a plan. >> a cash flow problem. >> the president says i am not going to negotiate. >> i will not negotiate. >> i'm sorry it just doesn't work that way. >> the tea party republicans have taken it to a whole new level. >> the american people don't want the president's health care bill. >> elections have consequences. >> even if you've didn't vote for me, i bet you will sign...
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Jan 6, 2013
01/13
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can you get a deal on the debt ceiling? can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me what, the president said he's not going to deal. he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the president has already said, it we're going to be talking about further deficit reduction, but it has to be done in a balanced way. at the heart of this debt ceiling debates is whether or not we're going to continue to reduce the deficit. i think we need to do it in a thoughtful way. and the president said as long as it's balanced he's open to the conversation. >> okay. so i'm confused because i've heard him say multiple times i am not going to negotiate over raising this debt ceiling. so are you going to negotiate? >> i can just tell you this. the debt cei
can you get a deal on the debt ceiling? can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me what, the president said he's not going to deal. he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the...
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Oct 11, 2013
10/13
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ceiling, that the debt ceiling will be raised? >> i'm going to stop you there and saying, there are no promises. what we have is a good, honest discussion that i hope will lead the a negotiation in divided government. and all i can promise is that i believe both parties are going to work hard and work in good faith, but again, we did not get, we, house republicans, the good news is we did not hear no. the bad news is we did not hear yes, that the white house is ready to begin formal negotiations on both spending and debt in obama care is part of spending and debt. so that's where we are. we have put on the table legislation to make sure the full faith and credit that we never have the default. we don't want it. but at the same time, we can't keep kicking the can down the road on the national debt. for whatever passes for fiscal responsibility in this town, it is attached to the debt ceiling. that's why we have the vote. we want it addressed. >> thank you very much. i appreciate your taking the time you heard his view. the most con
ceiling, that the debt ceiling will be raised? >> i'm going to stop you there and saying, there are no promises. what we have is a good, honest discussion that i hope will lead the a negotiation in divided government. and all i can promise is that i believe both parties are going to work hard and work in good faith, but again, we did not get, we, house republicans, the good news is we did not hear no. the bad news is we did not hear yes, that the white house is ready to begin formal...
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Jan 1, 2013
01/13
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debt ceiling, i'm not going to touch the debt ceiling. now what does that mean? does that mean he is going to pay the debts even if the republicans don't raise the debt ceiling. we don't know, but he has insisted, both in private and with his staff in his public statements and in private with others that this is a huge issue to him. he sees it as legacy. that he is not going to leave behind a presidency that can be regularly held hostage by congress that wants to refuse to raise the debt limit. if he stands firm on the debt limit a couple of months from now, then this is a good deal. because democrats got a lot of things they wanted. if he doesn't and caves on that deal, then it is not. >> what do you think about the fact that we have already heard from two groups, the afl-cio and the heritage foundation. they are already reacting to the details of this deal and say they do not approve. what do you think the headlines will be tomorrow? you know, whether its on twitter or wherever, from all the various special interest groups in reaction t
debt ceiling, i'm not going to touch the debt ceiling. now what does that mean? does that mean he is going to pay the debts even if the republicans don't raise the debt ceiling. we don't know, but he has insisted, both in private and with his staff in his public statements and in private with others that this is a huge issue to him. he sees it as legacy. that he is not going to leave behind a presidency that can be regularly held hostage by congress that wants to refuse to raise the debt limit....
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Jan 12, 2013
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this is just the latest example of republican misinformation on the debt ceiling. mitch mcconnell was wrong when he claimed president obama wanted to raise the debt ceiling so he could spend more money. john cornyn was wrong when he said shutting down the government over the debt ceiling would be good for the country. and now neil cavuto's graphic is joining the club in the fraternal order. it's important to remember any information from republicans on the debt ceiling must be taken with a serious grain of salt. tonight in our survey, i asked you, will the obama administration get gun legislation passed? 84% of you say yes. 16% of you say no. >>> coming up, big hits in the national football league are bringing the issue of brain disease cte front and center when it comes to the big discussion on health in the league. i'll talk to the co-director of the leading cte research facility in the country. stay with us. that's next. i didn't think it was anything. i had pain in my abdomen... it just wouldn't go away. i was spotting, but i had already gone through menopause.
this is just the latest example of republican misinformation on the debt ceiling. mitch mcconnell was wrong when he claimed president obama wanted to raise the debt ceiling so he could spend more money. john cornyn was wrong when he said shutting down the government over the debt ceiling would be good for the country. and now neil cavuto's graphic is joining the club in the fraternal order. it's important to remember any information from republicans on the debt ceiling must be taken with a...
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Oct 27, 2013
10/13
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there is a point that i refer to after the debt ceiling fiasco when they came back without a continuing resolution of the obamacare administration. the republican the ship believed they've been getting an easy vote put their own members for to the can step for the appropriations committee that designs these continuing resolutions was furious purveyances did on reading with the leadership than they said we're the ones being punished we're cutting spending to record lows pre-will not go for rusbridge you need to tell them to follow mine in he said we cannot do that anymore. >> so the leadership doesn't feel that they are in a position to lead on the debt ceiling or anything else? >> the whole book devoted to the debt ceiling is specifically long magazine stories that fell apart but that is all wind and sale with all due respect to those officers because the bottom line is that speaker peter never have those votes in the way. whatever deal he would have struck with the id registration would have failed to not get sufficient votes to renew -- to win the rest of the insurrection so with the
there is a point that i refer to after the debt ceiling fiasco when they came back without a continuing resolution of the obamacare administration. the republican the ship believed they've been getting an easy vote put their own members for to the can step for the appropriations committee that designs these continuing resolutions was furious purveyances did on reading with the leadership than they said we're the ones being punished we're cutting spending to record lows pre-will not go for...
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Jan 29, 2013
01/13
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plus, the debt ceiling simply says we're not going to pay our bills. it just is illogical to say that's to pay for that. that's like going out and incurring costs which all of us did, republicans and democrats together, and then saying oh, and by the way, i'm not going to pay my bill unless you do me this enormous favor. but the other point i would make is this. he talks about, we need tax reform. the biggest single abuse in the tax code today, and it's a tough contest, is the one that says the richest people in america who run hedge funds can treat their earned income as if it were a capital gain. they call it carried interest. >> yeah. >> it means the rest of us are carrying them. and we voted to reduce that. and paul ryan boxed it. he is against that. and if you remember from that interview, he did not give a single specific about a tax break he wants to end, and he talked about cutting entitlements. >> he is up front saying no more revenue. i mean, that's their position on that. now, they've backed off the debt limit. now they're backing off a gove
plus, the debt ceiling simply says we're not going to pay our bills. it just is illogical to say that's to pay for that. that's like going out and incurring costs which all of us did, republicans and democrats together, and then saying oh, and by the way, i'm not going to pay my bill unless you do me this enormous favor. but the other point i would make is this. he talks about, we need tax reform. the biggest single abuse in the tax code today, and it's a tough contest, is the one that says the...
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Jan 23, 2013
01/13
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. >> the short term raise for the debt ceiling. >> three-month extension of the debt ceiling. >> temporary extending for debt ceiling. >> what is the republican strategy here? >> three months is not good enough. >> they may not even vote for this. >> it is about time we come together, do our work. >> the partisan lines just got deeper. >> john boehner has an 18% approval rating. >> the debt that is crushing the future for our kids. >> this is a party, a retreat. >> a retreat of sorts. >> they may not even vote for this. >> it really is unacceptable. >> they will evolve or die, it is that simple. >> it will stand out as one of the great days. >> today marks 40 years. >> the 40th anniversary of roe v. wade. >> this allows a woman free choice. >> support for reproductive choice is at a record high. >> 54% believe abortion should be legal. >> there was an assault on women's access to reproductive health care. >> do i believe that the supreme court should overturn roe v. wade? yes. >> 70% say it should not be overturned. >> this is a deeply personal issue, one that should be made by women. >> w
. >> the short term raise for the debt ceiling. >> three-month extension of the debt ceiling. >> temporary extending for debt ceiling. >> what is the republican strategy here? >> three months is not good enough. >> they may not even vote for this. >> it is about time we come together, do our work. >> the partisan lines just got deeper. >> john boehner has an 18% approval rating. >> the debt that is crushing the future for our kids....
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raise the debt ceiling? what's so hard? why do we need to negotiate? >> because you need to change the trajectory of the debt. >> the debt has changed trajectory -- >> yeah. you have to, like, what are you going to do to lower it, so you're just not automatically raising it. >> let me bring in keith ellison, co-chair of the progressive caucus, what's your reaction? >> i think that weaponizing the debt ceiling is bad economic policy, i think it's bad legislative policy, and i'm very sorry that this has happened. we can negotiate over the budget, we negotiate all the time. but to put something like the full faith and credit of the american economy on the line is just beyond pale. and americans show know. we're not asking about permission to spend future more, we're talking about permission to pay the bills we've already acquired. >> let me ask congressman cole about negotiation. everybody likes negotiation, we have a system of government that requires it in certain circumstances. there's a budget process in wh
raise the debt ceiling? what's so hard? why do we need to negotiate? >> because you need to change the trajectory of the debt. >> the debt has changed trajectory -- >> yeah. you have to, like, what are you going to do to lower it, so you're just not automatically raising it. >> let me bring in keith ellison, co-chair of the progressive caucus, what's your reaction? >> i think that weaponizing the debt ceiling is bad economic policy, i think it's bad legislative...
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Jan 2, 2013
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the debt ceiling is the debt ceiling, once you have gone beyond that there is no turning back. that is a very hard deadline, whereas the fiscal cliff, while it would be horrible by most accounts for folks's taxes to go up, some $2,200 on average for the average american family, that is something that can be handled retroactively. people would have tried to absorb it the best they could. richard, as i'm talking to you now, you can hear the rovers of the helicopter, marine one as it lands on the south lawn here to pick up the president and take him back to air force one and to rejoin his family after his abbreviated stay in hawaii with these negotiations not bearing fruit the first time over the christmas holiday. he is expected to be out there for about another week. certainly the president wants to come to the briefing room and punctuate the negotiation, large and successful negotiation that he has had with strong support from democrats. 176 democrats in the house of representatives voting for this measure, 12 of voting against. that is an extraordinary total considering what w
the debt ceiling is the debt ceiling, once you have gone beyond that there is no turning back. that is a very hard deadline, whereas the fiscal cliff, while it would be horrible by most accounts for folks's taxes to go up, some $2,200 on average for the average american family, that is something that can be handled retroactively. people would have tried to absorb it the best they could. richard, as i'm talking to you now, you can hear the rovers of the helicopter, marine one as it lands on the...
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Jan 16, 2013
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triple-a-rated give the debt ceiling is not raised. with more of possible economic fallout, moody's chief economist. all right. if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative psychological shock that will temporarily send share prices sharply lower, but provided that policymakers in washington could reassure markets that washington is going to do more to stabilize the budget. maybe that -- gerri: it makes into the pipe. they did it -- did not to say there are going to downgraded if we did not like the debt ceiling prices go away. they also said the current outlook is likely to be resolved even if another debt ceiling crisis is averted. they want to see spending cut. now, do you think that the markets would go to town if there was some bi
triple-a-rated give the debt ceiling is not raised. with more of possible economic fallout, moody's chief economist. all right. if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative...
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Sep 27, 2013
09/13
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do not mess with the debt ceiling. but two years ago, regardless, in 2011, republicans in congress messed with the debt ceiling. they took us right to the brink of default, and even just getting to the brink was enough to not only get the u.s. government's credit rating downgraded for the first time in our history, it also took what had been relatively strong job growth and put a big four-month dent in it. and now two years later, we're doing it all over again. today, house republicans unveiled their big wish list for all the things that they want, in exchange for not sending the country into catastrophic default. the u.s. government is set to go into default on october 17th, three weeks from today. and republicans say that they will let that happen. they will crash our economy and likely crash the world economy, unless democrats agree to pretty much everything republicans have asked for over the last few years. they want to delay obama care for a year, they want to gut wall street reform, they want to approve the keys
do not mess with the debt ceiling. but two years ago, regardless, in 2011, republicans in congress messed with the debt ceiling. they took us right to the brink of default, and even just getting to the brink was enough to not only get the u.s. government's credit rating downgraded for the first time in our history, it also took what had been relatively strong job growth and put a big four-month dent in it. and now two years later, we're doing it all over again. today, house republicans unveiled...
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Jan 3, 2013
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. >> the debt ceiling. >> the debt ceiling is coming. >> no. >> the sequesters are coming. >> cue the next countdown clock. >> i will not have another debate with this congress. >> house republicans see it as a trump card. >> they should pay the bills they have already racked up. >> while they approve this deal to avert the fiscal cliff. >> last night the house of representatives failed. >> there was no deal to send money to the victims of hurricane sandy. >> lawmakers from new jersey were angry. >> last night it was my party responsible. >> they are leaving this party without help. >> congress. >> congress. >> congress. >> the laughing stock of the country. >> 66 days and counting, shame on you, shame on congress. >> all right, let's get a couple of things straight here, okay? first of all, there is nothing wrong with legislating at the last minute. in fact, on the big stuff, the politically difficult bills it is usually impossible to legislate before the last minute. now if you never found yourself going to the post office at the last minute with your tax return in hand, you may not
. >> the debt ceiling. >> the debt ceiling is coming. >> no. >> the sequesters are coming. >> cue the next countdown clock. >> i will not have another debate with this congress. >> house republicans see it as a trump card. >> they should pay the bills they have already racked up. >> while they approve this deal to avert the fiscal cliff. >> last night the house of representatives failed. >> there was no deal to send money to the...
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Jan 24, 2013
01/13
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no budget, no pay. >> in the spotlight tonight, debt ceiling magic. that was house speaker john boehner after the house passed a bill making the debt ceiling disappear until may 18th, without cutting any federal spending. the stupidly named and conceived "no budget, no pay act" passed with a vote. 33 republicans voted against the bill, 199 voted for it. 86 democrats voted for the bill, 111 democrats voted against it. not only will the no budget, no pay act suspend the debt ceiling for about three months, it also requires the house and senate to pass budget resolutions by april 15th, and if they don't, representatives and senators will not get paid, which is of course, wildly unconstitutional. the 27th amendment prohibits congress from modifying their own paychecks in any way. they can vote to change the pay for future congress only, but republicans passing an unconstitutional bill, while at the same time relieving the pressure on the debt ceiling was welcomed by some democrats as republicans moving from out-right crazy to half-crazy. >> i'm not sure w
no budget, no pay. >> in the spotlight tonight, debt ceiling magic. that was house speaker john boehner after the house passed a bill making the debt ceiling disappear until may 18th, without cutting any federal spending. the stupidly named and conceived "no budget, no pay act" passed with a vote. 33 republicans voted against the bill, 199 voted for it. 86 democrats voted for the bill, 111 democrats voted against it. not only will the no budget, no pay act suspend the debt...
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Jan 2, 2013
01/13
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there is no mention of the debt ceiling. the government $16.4 trillion borrowing limit which was reached yesterday and the bill kicks the can for about two months on the automatic spending cuts, the sequesters set to take effect tomorrow. joining me now is congressional correspondent dana bash. this just happened moments ago. tell us what happened and what are some of the more interesting votes. >> just moments ago we got the final vote. the final vote was 257 yes, 167 no. this happened with a majority of democrats supporting this and relatively healthy number of republicans but certainly most republicans voted against this. one of the republicans who did not vote against it was the leader of the republicans, the house speaker. he voted yes. it is significant for two runs. one it is the tradition for speakers not to take votes. they do it when they want to make a point symbolically and that is clearly what the house speaker wanted to do here. he wanted to vote for a piece of legislation which he clearly knows is not perfect
there is no mention of the debt ceiling. the government $16.4 trillion borrowing limit which was reached yesterday and the bill kicks the can for about two months on the automatic spending cuts, the sequesters set to take effect tomorrow. joining me now is congressional correspondent dana bash. this just happened moments ago. tell us what happened and what are some of the more interesting votes. >> just moments ago we got the final vote. the final vote was 257 yes, 167 no. this happened...
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Jan 15, 2013
01/13
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trimg the deficit should be separate from the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is a america will pay its bills. we are not a deadbeat nation. >> john boehner said the american people do not support raising the debt ceiling without reducing government spending at the same time. >> listen to this. a medical scare in a buffalo, new york veteran's hospital. many may have been exposed to hiv. the pens are designed to be used by one person, but many of them were used on multiple people. >> surfers, beware. you have to look at this video. it's shocking. >> standing on the shore? >> he has his toes in the water. two sharks were spotted dangerously close to shore in honolulu. this was off of oahu. they are like ten feet offshore. >> i will call him a dingaling if he is in the water. >> he's a hero. >> there is flooding and ice. from the weather center, you said snow is on the way as well? >> that's right. it's coming to you guys. it's coming into a north and west of new york into connecticut as well. that's not today's concern. we have the s
trimg the deficit should be separate from the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is a america will pay its bills. we are not a deadbeat nation. >> john boehner said the american people do not support raising the debt ceiling without reducing government spending at the same time. >> listen to this. a medical scare in a buffalo, new york veteran's hospital. many may have been exposed to hiv. the pens are designed to be used...
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Jan 2, 2013
01/13
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there is no mention of the debt ceiling. the government $16.4 trillion borrowing limit which was reached yesterday in the bill kicks a camp for about two months on the automatic spending cuts, the sequesters set to take effect tomorrow. joining me now is congressional correspondent dana bash. this just happened moments ago. tell us what happened and what are some of the more interesting votes. >> if just moments ago we got the final vote. the final vote was 2 under 57 yes, 1 under 67 now. this happened with a majority of democrats supporting this and relatively healthy number of republicans but certainly most republicans voted against this. one of the republicans who did not vote against it was the leader of the republicans, the house speaker. he voted yes. it is significant for two runs. one it is the tradition for speakers not to take votes. they do it when they want to make a point symbolically and that is clearly whathe house speaker wanted to do here. he wanted to vote for a piece of legislation which he clearly knows i
there is no mention of the debt ceiling. the government $16.4 trillion borrowing limit which was reached yesterday in the bill kicks a camp for about two months on the automatic spending cuts, the sequesters set to take effect tomorrow. joining me now is congressional correspondent dana bash. this just happened moments ago. tell us what happened and what are some of the more interesting votes. >> if just moments ago we got the final vote. the final vote was 2 under 57 yes, 1 under 67 now....
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some democrats are angry that the debt ceiling has not been -- this fight over the debt ceiling that's not going to take place until two months has not been taken out of the equation. it is a remarkable site. nonetheless, with the caveat it may not be over yet. >> we've heard that he reached out to harry reid and nancy pelosi and he spoke with them about everything that was going to take place tonight. what else do we know with how he responded to what's happening? >> well, it's interesting. the president chose today to have one of those campaign-style events with ordinary americans in the white house and an auditorium in the white house compound today. the president sort of came out in a jovial, joking matter. he painted a picture of a deal that was all but done, but he got in a lot of jabs, subtle and otherwise, at republicans and really angered folks. john mccain said he didn't know whether he was sad or angered by what the president had said. cooler heads have obviously prevailed here. and we do know that the president had been on the phone working this, even though joe biden was s
some democrats are angry that the debt ceiling has not been -- this fight over the debt ceiling that's not going to take place until two months has not been taken out of the equation. it is a remarkable site. nonetheless, with the caveat it may not be over yet. >> we've heard that he reached out to harry reid and nancy pelosi and he spoke with them about everything that was going to take place tonight. what else do we know with how he responded to what's happening? >> well, it's...
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Jan 26, 2013
01/13
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this week the republican party put forward a plan on the debt ceiling in debt and appears to have won the support of both the president and senate majority leader. the republican change in direction and tone was not matched by a change in the republican party's lead. the rnc reelected the chairman after losing both the white house and ten seats in congress to democrats in that 2012 election. his job as head of the national party even as lenient -- louisiana's popular governor and from a republican both cried out for the party's revitalization, new ideas, and the voices. obama administration stalwart treasury secretary gagger and secretary of state clinton bidding farewell to the administration. clinton finally this week testifying on benghazi, trying to explain away one of the administration's biggest failures. another week in which president obama has dispatched vice-president biden to campaign against the second amendment. the president's inaugural this week. next week he launches his campaign for comprehensive immigration reform. next week senator kerry to be confirmed as the next
this week the republican party put forward a plan on the debt ceiling in debt and appears to have won the support of both the president and senate majority leader. the republican change in direction and tone was not matched by a change in the republican party's lead. the rnc reelected the chairman after losing both the white house and ten seats in congress to democrats in that 2012 election. his job as head of the national party even as lenient -- louisiana's popular governor and from a...
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Jan 2, 2013
01/13
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reaching its debt ceiling. i got to also say that of those now 82 republicans who are voting yes, many of them are doing it because they feel it is important to make sure that 98% of americans keep their tax cuts in place but also because tactically they see what's next is a vote or a debate where they believe they have leverage, which is on the debt ceiling. >> i appreciate your reporting. i noe it's been a colossal day, monumental task for are you both. that does it for us. ali velshi takes over our coverage next. xx >>> breaking news, i'm ali velshi in for erin burnett. the house has passed the deal, largely on party lines. in the end house lawmakers agreed to vote on the bill exactly as written. now, here is some of what is in that proposal. tax rates stay the same for couples making less than $450,000. a cap on itemized deductions for married couples making more than 3d $300,000, a one-year extension on unemployment insurance, anne crease in estate tax from 35% to 40%, and the alternative minimum tax would
reaching its debt ceiling. i got to also say that of those now 82 republicans who are voting yes, many of them are doing it because they feel it is important to make sure that 98% of americans keep their tax cuts in place but also because tactically they see what's next is a vote or a debate where they believe they have leverage, which is on the debt ceiling. >> i appreciate your reporting. i noe it's been a colossal day, monumental task for are you both. that does it for us. ali velshi...
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ceiling, raising the debt ceiling. some have suggested that the president could do it by hem self by invoking the 14th amendment. the president spoke about that today. >> i no he there's been some discussion for example about my powers under the 14th amendment to go ahead and ignore the debt ceiling law. setting aside the legal analysis, what matters is, is that if you start having a situation in which there's legal controversy about the u.s. treasury's authority to issue debt, the damage will have been done even if that were constitutional. >> 14th amendment says the validity of the public debt, shall not be questioned. so does that give the president potentially, worst case, nightmare scenario, the u.s. about to default, an opening? >> no one know, wolf. no one knows whether the president has this power. and it's a measure of the desperation of the system that people are reading into the 14th amendment this power as somehow the president says a rabbit out of the hat to allow him to bypass congress. but i think there
ceiling, raising the debt ceiling. some have suggested that the president could do it by hem self by invoking the 14th amendment. the president spoke about that today. >> i no he there's been some discussion for example about my powers under the 14th amendment to go ahead and ignore the debt ceiling law. setting aside the legal analysis, what matters is, is that if you start having a situation in which there's legal controversy about the u.s. treasury's authority to issue debt, the damage...
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he really wanted to start off, wolf, with the debt ceiling. he wanted to put all of their eggs in the debt ceiling basket with regard to negotiations and it got a little muddled and i think republicans up here on capitol hill can see that. so that's why they are having a hard time getting back on the message train, if you will, and the president has been very consistent. i'm not negotiating. you know, we have to pay our bills. we have to pass the debt ceiling increase and fund the government. i'm not negotiating. i will afterwards but not beforehand. my suspicion is that we are going to hear a lot of that reinforcement of the message from the president. just like we will from democrats who are just down the hall behind me in the senate having their weekly lunch, as are republicans. >> looks like that stalemate, at least for now, continues. dana, thank you. don't go too far away. jim acosta is over at the white house getting ready to go into the briefing room himself. >>> could the 14th amendment to the institution be used to raise the debt cei
he really wanted to start off, wolf, with the debt ceiling. he wanted to put all of their eggs in the debt ceiling basket with regard to negotiations and it got a little muddled and i think republicans up here on capitol hill can see that. so that's why they are having a hard time getting back on the message train, if you will, and the president has been very consistent. i'm not negotiating. you know, we have to pay our bills. we have to pass the debt ceiling increase and fund the government....